AVP Payable

Position Name

Education

Experience

Job Purpose :

To Provide overall leadership to processes related to accounts payable process, ensuring accurate and timely processing of invoices and payments

Key Accountabilities :

Strategic Activities

• To Provide overall leadership to processes related to accounts payable process, ensuring accurate and timely processing of invoices and payments
• Build efficient systems and processes for accounts payable with a view of delivering value to both internal and external stakeholders
• Identify opportunities to streamline and improve the efficiency and accuracy of the accounts payable processes.
• Implement best practices and automation solutions to enhance productivity and reduce manual tasks
• Develop sufficient mitigating measures and controls to reduce any financial risk and exposure identified

Accounts Payable

• Direct and oversee the accounts payable, execution of monthly revenue close, ensuring accurate results are delivered on time for reporting in accordance with GAAP
• Implement and monitor internal controls in all accounts payable processes & manage ageing analysis and exception handling
• Leading teams that Review and understand customer contract terms and ensure proper accounting treatment of for the same
• Ensure adherence to all legal and regulatory compliance and provide all the necessary entries at the time of closure of books
• Lead the team responsible for accurate, complete, and timely billing & collections with closure of all related audit issues & support
• Support in development of payment processes and policies to ensure that internal controls are in place
• Drive the payments processing operations with necessary verification and authorization to ensure that all payments and bill/ claim settlements are done accurately and timely manner to avoid risks for the organization

Team Management

• Set the functional goals and objectives and ensure the cascading of the same to the reporting departments and guide their achievement
• Provide direction and advice to the direct reports in performing their delegated responsibilities
• Oversee the overall performance of direct reports and ensure KPI’s are well communicated and monitored